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CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Net premiums earned $ 1,211,427 $ 1,091,312 $ 3,472,090 $ 3,283,941
Net investment income 107,339 101,956 326,174 240,098
Other insurance related income (loss) 7,665 1,440 16,262 (5,270)
Net investment gains:        
Allowance for expected credit losses (315) 3,759 (76) (2,498)
Impairment losses (22) (184) (22) (1,486)
Other realized and unrealized investment gains 11,269 52,034 113,966 49,761
Total net investment gains 10,932 55,609 113,868 45,777
Total revenues 1,337,363 1,250,317 3,928,394 3,564,546
Expenses        
Net losses and loss expenses 911,369 879,677 2,292,559 2,464,012
Acquisition costs 231,712 230,564 669,654 697,716
General and administrative expenses 157,960 138,823 478,820 436,538
Foreign exchange losses (gains) (28,032) 60,734 (4,316) 8,760
Interest expense and financing costs 15,954 15,574 46,759 59,641
Reorganization expenses 0 1,413 0 822
Amortization of value of business acquired 1,028 1,028 3,083 4,111
Amortization of intangible assets 3,149 2,838 9,163 8,564
Total expenses 1,293,140 1,330,651 3,495,722 3,680,164
Income (loss) before income taxes and interest in income (loss) of equity method investments 44,223 (80,334) 432,672 (115,618)
Income tax (expense) benefit (1,186) 12,056 (49,827) 6,030
Interest in income (loss) of equity method investments 11,911 2,896 30,871 (13,579)
Net income (loss) 54,948 (65,382) 413,716 (123,167)
Preferred share dividends 7,563 7,563 22,688 22,688
Net income (loss) available (attributable) to common shareholders $ 47,385 $ (72,945) $ 391,028 $ (145,855)
Earnings (loss) per common share:        
Earnings (loss) per common share (in usd per share) $ 0.56 $ (0.87) $ 4.62 $ (1.73)
Earnings (loss) per diluted common share (in usd per share) $ 0.56 $ (0.87) $ 4.59 $ (1.73)
Weighted average common shares outstanding (in shares) 84,771 84,308 84,684 84,235
Weighted average diluted common shares outstanding (in shares) 85,336 84,308 85,191 84,235